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4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

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Tokyo Electric Power : Financial Assistance from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation

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08/30/2017 | 09:53am CEST

On August 23, we received a funding grant of 34.9 billion yen from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation (hereinafter referred to as NDF) based on the revision of the Special Business Plan which was approved on July 26, 2017.
This financial assistance was given in response to the 67th request we made in order to cover the compensation payouts due by the end of September 2017. The amount of the payouts to be paid by that time had been estimated to exceed the sum of the compensation we had received in accordance with the 'Act on Contract for Indemnification of Nuclear Damage Compensation' (188.9 billion yen) and the financial assistance that the NDF has provided (7,365.1 billion yen).
With financial assistance from the NDF, we are determined to continue to pay the compensation with courtesy and compassion to all of those who have been afflicted by the nuclear damage.

TEPCO - Tokyo Electric Power Company Holdings Inc. published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2017 07:52:05 UTC.

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Financials ( JPY)
Sales 2018 5 664 B
EBIT 2018 -
Net income 2018 274 B
Debt 2018 5 675 B
Yield 2018 -
P/E ratio 2018 2,73
P/E ratio 2019 4,18
EV / Sales 2018 1,13x
EV / Sales 2019 1,11x
Capitalization 749 B
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Mean consensus HOLD
Number of Analysts 4
Average target price 500  JPY
Spread / Average Target 7,3%
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Managers
NameTitle
Tomoaki Kobayakawa President & Director
Takashi Kawamura Chairman
Toshihiro Sano Director
Yuji Masuda Director
Toshiro Takebe Director
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